Reported 3 months ago
Cocoa futures have reached their lowest point in over four months as traders assess a potential rise in supply against weak demand expectations. The most-active futures contract in New York fell by 4.4%, influenced by an anticipated surplus in the upcoming season and concerns about production recovery in major producers like Ivory Coast and Ghana. Analysts are cautious about rising cocoa prices impacting demand, with concerns that chocolate manufacturers may face margin pressures as consumer preferences shift towards more affordable options.
Source: YAHOO